COT Market Analysis
GOLD
Gold’s rally reinforces the classic flight-to-safety narrative, now trading at $4,041.63. Its decisive break above the $4,000 mark — driven by geopolitical tensions and central bank accumulation — reflects overwhelming institutional demand. Despite the DXY’s recovery, hybrid technical analysis in forex signals that bullish momentum remains dominant.
Key resistance stands at $4,059.90, extending to $4,114.01 and $4,202.40, while short-term support holds between $4,026.00 – $4,029.85. Maintaining price above $4,005.79 sustains the bullish continuation, confirming potential trend-following opportunities within a forex price action strategy with RSI approach.
- AUD – WEAK (5/5)
- GBP – SLIGHTLY WEAK (3/5)
- CAD – WEAK (5/5)
- EUR – STRONG (4/5)
- JPY – STRONG (4/5)
- CHF – WEAK(3/5)
- USD (DXY) – WEAK (4/5)
- NZD – WEAK (4/5)
- GOLD – STRONG (5/5)
- SILVER – STRONG (5/5)
SILVER
Silver echoes Gold’s bullish rhythm, driven by safe-haven and industrial demand. Trading near $48.90, the market shows consolidation as profit-taking moderates gains. In this phase, traders can use moving average confirmation price action to identify potential re-entry levels.
Resistance is set at $49.60, while strong support lies near $47.50. A breakout above $48.71 could propel Silver toward $49.50, whereas a drop below $47.50 hints at a correction toward $47.00. The bias remains Slightly Bullish, supported by indicator-supported price action entries signaling upward resilience.
DXY (US Dollar Index)
The US Dollar Index (DXY) surged to 98.875, asserting strength against the Euro and Yen. Despite this, the looming US government shutdown adds a layer of uncertainty. Traders watching candlestick and indicator confluence will notice tightening momentum near resistance at 99.000.
Support rests at 98.499, and a confirmed daily close above 99.000 could extend gains toward 99.39. However, a failure here might prompt a pullback to 98.00. The bias is Bullish/Test, with hybrid technical analysis forex suggesting possible consolidation before a renewed upward drive.
GBP/USD
The British Pound remains under heavy selling pressure, trading at 1.3394. Price action shows a consistent downtrend, forming lower highs and lows. Traders can apply indicator-supported price action entries to catch short-term pullbacks before continuation.
Resistance stands at 1.3486, while key support is near 1.3392. A decisive drop below this level could extend losses to 1.3350. The bias is Bearish Continuation, with strong USD sentiment reinforcing downside expectations.
AUD/USD
The Australian Dollar trades sharply lower at 0.6561, succumbing to the DXY’s dominance. This pair remains ideal for a forex price action strategy with RSI, as momentum signals oversold conditions.
Resistance is 0.6624, and support lies near 0.6550. A close below 0.6550 targets 0.6500, while recovery above 0.6624 may trigger a retracement. The bias is Strong Bearish Continuation/Oversold, suggesting that moving average confirmation price action could soon hint at a reversal setup.
NZD/USD
The Kiwi faces relentless selling, currently near 0.5743 — its multi-session low. The dominance of USD demand eclipses any New Zealand fundamentals. Critical support rests at 0.5730, while resistance caps the upside near 0.5845.
A breach under 0.5730 exposes 0.5700, marking further downside continuation. The bias is Strongly Bearish, though traders using RSI divergence or candlestick and indicator confluence might prepare for a technical bounce.
EUR/USD
The Euro plunged through 1.1622, confirming a strong bearish continuation amid weak EU data and DXY strength. Resistance is seen at 1.1652, and major support lies near 1.1600.
A break under 1.1600 targets 1.1550, whereas a retracement above 1.1652 suggests a pause for consolidation. The bias remains Bearish Continuation, with hybrid technical analysis forex showing momentum traders firmly in control.
USD/JPY
The USD/JPY exploded to 152.55, marking new highs driven by yield divergence and BoJ’s dovish stance. Resistance is 153.00, and support anchors near 150.47.
A breakout above 153.00 targets 154.00, but a pullback under 150.47 could invite a sharp correction. The bias is Strong Bullish Continuation/Extreme Risk, as indicator-supported price action entries warn of overbought volatility.
USD/CHF
The Swiss Franc slipped as USD/CHF reclaimed 0.8000, confirming a bullish shift. Resistance sits at 0.8007, and support at 0.7992. Sustained trading above this zone opens the door to 0.8050, while a fall below 0.7992 may trigger a retracement toward 0.7960.
The bias is Bullish Continuation, with moving average confirmation price action aligning with USD dominance.
USD/CAD
The Loonie remains range-bound around 1.3967, balancing strong USD momentum and stable oil support. Resistance lies at 1.3986, while support holds near 1.3938.
A break above 1.3986 eyes 1.4000, while a dip below 1.3938 reopens the 1.3900 zone. The bias is Slightly Bullish Consolidation, with hybrid technical analysis forex hinting at a possible breakout in favor of the USD trend.
Final Thoughts
This week’s COT Market Analysis highlights that hybrid technical analysis in forex — combining price action, RSI, and moving average confirmation — remains an effective approach for decoding volatility and identifying institutional flow direction.
Gold and Silver continue to lead safe-haven demand, while the DXY tests major resistance zones that could shape the next macro trend. Traders applying candlestick and indicator confluence strategies can spot precision entries during these pivotal phases.
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